Corn futures are trading steady to lower at midsession. Overnight export business was bearish with South Korea buying corn from China. Otherwise, trade activity is light ahead of the USDA reports due out Wednesday morning. March is steady at $2.06 3/4.

Soybean futures are lower at midsession. Some light pressure is coming from weaker Gulf basis levels amid some increased farmer selling. Otherwise, traders are positioning ahead of the USDA reports. March is 2 1/2 cents lower at $5.46.

Wheat futures are lower at midday. Some fresh export business has offered support. Iraq and Taiwan bought U.S. wheat overnight. However, trade activity remains light and choppy ahead of the USDA reports due out tomorrow. CBOT Mar is 2 1/2 cents lower at $3.05 1/4, KCBT Mar is 1 1/4 lower at $3.38 and MGE Mar is 2 cents lower at $3.43 3/4.

Cattle futures are mixed at midsession. Forecasts for more cold weather in the Plains feedlot areas provided some support, but profit-taking has limited gains and pushed some contracts lower. February is 60 cents higher at $91.50.

Lean hog futures are mixed but mostly higher at midday. Ideas that weather conditions may slow marketings later this week is offering support, but futures premium to cash and technical selling are limiting gains and pushing some contracts lower. February is 50 cents higher at $75.55.